Click this photo to see more photos on Flickr. Listing SOLD by Doug Francis in April
April will be a month that most agents will want to revisit for a long time as buyers picked up the pace to buy before the April 30th tax credit deadline and home sellers rushed their homes to market to capture that demand (read: premium).These “under contract” homes will close in May and June so those numbers should be higher
If you bought, closed and want you tax credit rebate check, then read more here…
What this surge in real estate activity did was free up home sellers to move up to bigger homes. This segment of the market gets ignored when there is a foreclosure because when the bank owns the home there isn’t that move-up result. The Vienna Home Blog saw move-up sellers impact the real estate market with contracts in April.
But please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.
Keep in mind, mortgage rates were still hysterically low (around 5%).
Home sales numbers for 22182 in April 2010:
- Total Units Sold in April 2010, 29 vs. 23 in 2009 (up 26.09%)
- Average Sold Price in April 2010, $801,461 vs. $760,479 in 2009 (up 5.39%)
- In the $500,000 to $599,999 range, 7 sold with 18 active listings
- In the $600,000 to $699,999 range, 7 sold with 31 active listings
- In the $700,000 to $799,999 range, 3 sold with 18 active listings
- In the $800,000 to $999,999 range, 4 sold with 22 active listings
- In the $1,000,000 to $2,499,999 range, 7 sold with 47 active listings
- Average days on market in April 2010 was 82 vs. 102 in 2009
- The average sold price in April 2010 was 95.51% of the average list price
April, May and June will need a “*” because of the federal home buyer tax credit deadline.
Home sale numbers for the Town of Vienna, 22180, April 2010
- Total Units Sold in April 2010, 29 vs. 32 in 2009 (down 9.38%)
- Average Sold Price in April 2010, $566,043 vs. $476,638 in 2009 (up 18.76%)
- In the $400,000 to $449,999 range, 2 sold with 18 active listings
- In the $450,000 to $499,999 range, 4 sold with 16 active listings
- In the $500,000 to $599,999 range, 9 sold with 22 active listings
- In the $600,000 to $799,999 range, 6 sold with 16 active listings
- In the $800,000 to $999,999 range, 1 sold with 7 active listings
- In the $1,000,000 to $2,499,999 range, 3 sold of 37 active listings
- Average days on market in April 2010 was 37 vs. 61 in 2009 (down 39.34%)
- The average sold price in April 2010 was 96.07% of average list price
If you are interested in homes in Vienna, please contact me as this area is where I specialize. I have helped people move in, move up and move out so I cover it all. Here is more on me and how to contact me, thanks!
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